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JT Golf Company has a $1,000 par value bond with a 6-year maturity. The bond has a 6% coupon rate which is paid annually and

JT Golf Company has a $1,000 par value bond with a 6-year maturity. The bond has a 6% coupon rate which is paid annually and a 5% yield to maturity. What is the bond price?

Select one: a. $1,050.76 b. $304.54 c. $1,304.54 d. $1,014.85

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